Weekly Technical Update - STI
Straits Times Index
The STI has rallied to the resistance at 2,790 while the Stochastic is overbought. At the backdrop of S&P downgraded the credit ratings of 9 European countries and DJIA fell by 48.96 points on Friday. We expect a likely pause here, but renewed rally should ultimately return to test the 2910 in the coming weeks.
Labels: Market Direction
posted by Market Wizards @ January 15, 2012
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